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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Components of Lease Cost

The components of lease cost were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Total operating lease cost

 

$

10,596

 

 

$

9,645

 

 

$

21,812

 

 

$

19,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

 

  Amortization of assets under finance leases

 

$

869

 

 

$

906

 

 

$

1,906

 

 

$

1,806

 

  Interest on finance leases

 

 

82

 

 

 

169

 

 

 

192

 

 

 

358

 

Total finance lease cost

 

$

951

 

 

$

1,075

 

 

$

2,098

 

 

$

2,164

 

Schedule of Lease Assets and Liabilities

Total lease assets and liabilities were as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating lease right of use assets

 

$

154,629

 

 

$

137,192

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

$

22,066

 

 

$

22,681

 

Noncurrent operating lease liabilities

 

 

141,642

 

 

 

146,479

 

   Total operating lease liabilities

 

$

163,708

 

 

$

169,160

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

Property, plant and equipment, gross

 

$

36,106

 

 

$

26,405

 

Less: accumulated depreciation

 

 

(21,537

)

 

 

(13,782

)

   Total property, plant and equipment, net

 

$

14,569

 

 

$

12,623

 

 

 

 

 

 

 

 

Current maturities of long-term debt

 

$

2,833

 

 

$

5,435

 

Long-term debt, net of debt issuance costs and current maturities

 

 

1,688

 

 

 

2,389

 

   Total finance lease liabilities

 

$

4,521

 

 

$

7,824

 

Schedule of Future Minimum Lease Payments under Noncancelable Leases

Future minimum lease payments under noncancelable leases as of June 30, 2022 were as follows:

 

 

 

Operating

 

 

Finance

 

 

 

Leases

 

 

Leases

 

 

 

(in thousands)

 

Year Ending December 31,

 

 

 

 

 

 

Remainder of 2022

 

$

17,237

 

 

$

2,358

 

2023

 

 

32,392

 

 

 

1,325

 

2024

 

 

29,594

 

 

 

711

 

2025

 

 

29,140

 

 

 

379

 

2026

 

 

28,176

 

 

 

7

 

Thereafter

 

 

80,835

 

 

 

 

  Total future minimum lease payments

 

 

217,374

 

 

 

4,780

 

Less: interest

 

 

(53,666

)

 

 

(259

)

  Total lease liabilities

 

$

163,708

 

 

$

4,521

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease
   liabilities:

 

 

 

 

 

 

  Operating cash flows from operating leases

 

$

20,169

 

 

$

18,297

 

  Operating cash flows from finance leases

 

 

192

 

 

 

358

 

  Financing cash flows from finance leases

 

 

2,772

 

 

 

2,803

 

Other Information Related to Leases

Other information related to leases was as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Weighted-Average Remaining Lease Term (In Years):

 

 

 

 

 

 

  Operating leases

 

 

6.8

 

 

 

7.0

 

  Finance leases

 

 

1.8

 

 

 

1.9

 

 

 

 

 

 

 

 

Weighted-Average Discount Rate:

 

 

 

 

 

 

  Operating leases

 

 

8.1

%

 

 

8.0

%

  Finance leases

 

 

5.5

%

 

 

5.8

%